Ahead of Market: 12 things that will decide stock action on Tuesday SECTIONS Share Synopsis "The new short-term range for the index will be in the 14,200-14,700 range," said Gaurav Ratnaparkhi of Sharekhan. iStock Related NSE Explore Now NEW DELHI: Nifty saw a gap-down opening on Monday and witnessed deep sell-off in the intraday trade. The headline index formed a 'Long Black Day' candle on the daily chart. "Nifty has approached a trendline drawn from the previous crucial swing lows. All these parameters offered some support to the index. These parameters are in the 14,200-14,300 range. Unless this range is broken on a closing basis, the index can still stay in a consolidation phase. The new short-term range for the index will be in the 14,200-14,700 range," said Gaurav Ratnaparkhi of Sharekhan.